KUALA LUMPUR (Jan 13): Analysts are generally positive on Sunway Bhd’s (KL:SUNWAY) RM11 billion takeover of IJM Corporation Bhd (KL:IJM), citing earnings growth and diversification into infrastructure, though some question the offer price.
KUALA LUMPUR (Jan 12): Building costs rose in December 2025, driven by higher cement and sand prices, data from the Department of Statistics Malaysia (DOSM) showed.
Prime Minister Datuk Seri Anwar Ibrahim, who is also finance minister, said the move would be considered should price hikes by industry players continue to exert pressure on development costs and the cost of living.
The private sector remains a key driver for the non-residential category specifically within data centre (DC) job flows, which grew by 6% to reach RM159.
“His track record includes driving sales growth, strengthening customer relationships and improving operational efficiency.
The construction group said the contract was awarded to its wholly owned subsidiary Trans Resources Corp Sdn Bhd.
The firm, CNECC Engineering (Malaysia) Sdn Bhd (CEMSB), is engaged in building construction and project management, with its ultimate parent company being China Nuclear Industry HuaXing Construction Company Ltd.
In a filing with Bursa Malaysia, the engineering and construction services provider said the contracts were awarded by Permas Jaya Sdn Bhd, Melia Spring Sdn Bhd and CJ Developments Sdn Bhd.
The Johor Bahru project, aimed at developing modern family-oriented homes and commercial units, is scheduled for completion in July 2027.
Looking ahead, the group said it remains optimistic on opportunities in the rail and infrastructure sector.
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